The equity market on Monday gained 0.33%, extending bullish rally to three consecutive trading sessions. Similarly, market breadth closed positive, recording 24 gainers against 15losers.
In summary, the All Share Index (ASI) gained 123.10 absolute points, representing a growth of 0.33% to close at 36,971.27 points. Similarly, the Market Capitalization gained N42.37 billion, representing a growth of 0.33% to close at N12.73 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; GLAXO (+5.00%), NASCON (+4.92%), ZENITHBANK (+3.14%), STANBIC (+2.38%), ETI (+1.30), FLOURMILLS (+0.98%), PRESCO (+0.75%), GUARANTY (+0.24%), and DANGCEM(+0.21%).
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MARKET STATISTICS- October 16, 2017 YTD:+37.75%
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Cap (N)
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12,726,130,412,524.52
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One Day(ASI CHG)
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+0.33%
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Index
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36,971.27
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One Week(ASI CHG)
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+0.38%
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Volume
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214,959,497
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One Month(ASI CHG)
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+5.62%
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Value (N)
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2,731,216,221.64
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Six Months(ASI CHG)
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+44.44%
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Deals
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4,262
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52 Weeks(ASI CHG)
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+32.28%
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Gainers
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24
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Losers
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15 |
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Un-Changed
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64
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Total
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103
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Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Please, note that the 67th Annual General Meeting of Cappa and D’Alberto Plc will be held at the Muson Center, Onikan, Lagos on Wednesday, 18th October, 2017 at 11.00 a.m.
Foreign Exchange
The Naira at the inter-bank (official) market closed at N305.55 against the US Dollar, representing a marginal appreciation against Friday’s close. The Investors and Exporters (I&E) FX window opened at N359.95, traded high at N361.50 and eventually closed atN360.75, representing an appreciation of 0.09%. A total of $167.71 million was transacted.
We expect the FX market to trade within existing range in the next session.
Money Market
OBB and O/N rates closed at an average of 74.17% and 79.17%, representing a 40.83% and 43.83% uptrend from previous closing positions respectively.
The CBN conducted OMO auction today to mop up excess liquidity, selling a total of N65.80 billion of 185-day maturity at a stop rate of 17.83%
We expect money market to trade within existing range in the next session.